Self Managed Super Funds

More and more people are realising the advantages of making their own investment decisions and taking control of their retirement strategy.

An increasingly popular way of doing this is by setting up a self managed superannuation fund (SMSF).

What is an SMSF?

Instead of having a retail, corporate or industry fund, individuals can establish their own fund, an SMSF.

An SMSF gives members of the fund control over specific investment choices involving their superannuation. They can tailor their own investment strategies and select specific assets such as listed securities, managed investments, cash and term deposits, international equities, instalment warrants and so on.

Generally an SMSF has the following features:

a personal or family super fund with no more than 4 members

each member of the fund is a trustee

no member of the fund is an employee of another member of the fund, unless those members are related

no trustee of the fund receives remuneration for his or her services as a trustee

the SMSF must have a written Trust Deed and Investment Strategy that meets all members' objectives

Advantages of SMSFs

greater investment choice - direct and indirect investing

greater control over investment strategies

access to investment gearing opportunities not available in retail super funds

cost effective over long term

offers preferable tax arrangements

allows you to look after your family

Is an SMSF right for you?

There is no doubt there are advantages to SMSFs, however you need to consider if an SMSF is appropriate for you. In trying to answer this question, consider these four questions:

Is the fund strictly for retirement benefits?

Do you have the time to manage your own fund?

Will the benefit be worth the cost?

How will switching to an SMSF affect your current superannuation benefits?

How can we help?

Morgans offers a variety of services for SMSFs, including structure, setup, advice, rollovers, investments, and compliance.

We have investment advisers who specialise in superannuation and a technical research team that provides updates and support on the latest in superannuation developments.